Professional Documents
Culture Documents
5. Describe each of the following Tax Schedules and how they are tied to the
1040 (which line on the 1040 do they correspond to?):
a. Schedule A
b. Schedule B
c. Schedule C
d. Schedule D
e. Schedule E
f. Schedule F
g. Schedule K-1
6. What is the difference between Deductions For AGI and Deductions From
AGI? What is AGI?
7. Give some examples of Deductions For AGI or above the line deductions.
10. What is the difference between an Ordinary Gain and a Capital Gain?